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Non-Tech : GFIN - Game Financial
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To: gregory a weaver who wrote (37)5/2/1997 3:57:00 PM
From: rdiamond   of 53
 
Gregory,
You are right. GFIN is a cash cow. This is good. But, even better, managemt believes there are opportunities which will require more cash than operations can provide. The following is an excerpt from management's annual letter in the latest annual financial report:

<<Though we are profitable, the rapid growth in contracts, particularly those with check cashing and ATMs, require working capital that cannot be funded completely through current operations. To date operating cash flow and the proceeds from the initial public offering have been sufficient to fund growth, however, as we aggressively pursue larger customers we see the need for additional capital.>>
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